Why do you file a tax extension

Regardless of when you file your tax return, if you do not pay the tax you owe by the tax filing deadline, the IRS penalties can be severe. The IRS will charge you. A personal or business income tax extension is easy to . Tax extensions are generally six months in length, meaning you should.

A Tax Extension give you an additional months to file your Tax Return, making your new deadline October 15. It is not an extension of time to pay your tax bill.

If you do not file by the April deadline, you might face a failure-to- file penalty. Businesses can also get the July extension to pay taxes without interest or penalties. Finally, the best reason for filing an extension is to avoid the penalty for filing a late return.

If you fail to file your return by the tax deadline, and also . Most taxpayers choose to do this online . If you need extra time to file your tax return after July 1 you can file an extension application. You must still pay your. A: Everyone gets this extension automatically — you do not have to . Individual Income Tax Return.

Jump to Extension to File Your Tax Return - Extension to File Your Tax Return. That sometimes means filing for an automatic extension of time to file your income taxes. How do I get my Economic Impact (Stimulus) Payment? I doubt I can file my taxes even by July 15.

File a six-month extension , which gives you until Oct. We will notify you only if your extension request is denied. An extension to file cannot exceed months and does not extend the date for paying the tax.

If you are unable to apply for an extension and pay your tax online or if you want to file your extension in paper form, . Do I have to file a special form to use the July deadline? If you file a return or an automatic extension request and pay your tax due by . How and when to file for an extension for the New Jersey income tax. If I have an extension , will this extend the time to pay any tax.

Unless the taxpayer is outside the U. Department will not . If you do use a professional tax service, they can file your tax extension for you. For example, both Turbo Tax and HR Block offer an e- filing. Just remember, an extension to file your taxes (the paperwork) is not an extension to pay your taxes (the money you owe the IRS).